ULI Orange County/Inland Empire: Recession-Proof? Build-To-Rent: Why Its The Hottest Trend in Real Estate

When

2022-09-29
2022-09-29T15:00:00 - 2022-09-29T17:00:00
America/Los_Angeles

Choose Your Calendar

    Where

    Newport Beach Civic Center 100 Civic Center Dr Newport Beach, CA 92660-3267 UNITED STATES

    Pricing

    Early Pricing Until August 31 Members Non-Members
    Private $65.00 $85.00
    Public/Academic/Nonprofit $45.00 $65.00
    Retired $65.00 N/A
    Student $30.00 $45.00
    Under Age 35 $45.00 $65.00
    Pricing
    Private $75.00 $99.00
    Public/Academic/Nonprofit $50.00 $65.00
    Retired $75.00 N/A
    Student $35.00 $50.00
    Under Age 35 $50.00 $65.00

    Every other headline seems to be related to build-to-rent these days, but many in our industry still have these questions:

    • How is BTR different than building a regular for-sale community?
    • Given that BTR has mostly only been executed in the Sunbelt, what BTR projects are on the rise in California, especially Southern California?
    • What hiccups have arisen on local BTR projects and how to overcome them?
    • What market fundamentals led us to the point of SFR's for-rent versus for-sale?
    • Where is the capital coming from for these types of projects?
    • Which OC/IE markets seem ideal for BTR?

    Come and learn about this exciting new business plan for our industry!


     
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    Speakers

    Speaker

    Jeff Enes

    Senior Vice President, IHP Capital Partners

    Jeff Enes joined IHP Capital Partners in 2006 and is a Senior Vice President primarily responsible for deal sourcing, acquisitions, project development strategy, underwriting, and joint venture originations. Prior to joining IHP, Mr. Enes was a Project Manager at Webcor Builders, one of California’s largest commercial builders, where he led mixed-use, multi-family, and residential developments in Los Angeles and the San Francisco Bay Area. Previously, Mr. Enes was a Project Engineer on the San Francisco Giants’ project development team for the baseball park in San Francisco. A graduate of the University of Notre Dame, Mr. Enes received a Master of Real Estate Development (MRED) from the University of Southern California. He is a licensed California real estate broker and general building contractor and is a member of ULI’s national community development council.

    Speaker

    Bill Hezmalhalch

    Principal/President, WHA - William Hezmalhalch Architects

    Founder of the firm in 1981, Bill Hezmalhalch is President of WHA, Inc. a comprehensive planning and design firm with offices in Southern and Northern California. Surrounded by professionals he hand-selected to oversee the firm’s operations, Bill exercises his time working with clients on their project objectives. With over 40 years of experience and a specialization in community and neighborhood design, Bill has directed and designed a broad range of residential building types including custom, spec level, luxury and resort homes, as well as single-family conventional, high-density detached and attached, active adult and empty-nester homes. Under Bill’s leadership, WHA has become a community design and land planning leader, establishing and reinventing the vision for numerous communities throughout the world. As such, the firm is involved in the design and architectural execution of town centers, commercial retail properties, churches, elementary schools, daycare facilities, recreational and golf clubhouses, sales/leasing offices, bridges and relevant community elements that create a sense of place, in addition to numerous philanthropy projects throughout the world. Bill is a frequent speaker at national, regional and local industry events and also inducted into the William S. Marvin Hall of Fame for Design Excellence in 2010. Bill was also inducted into the 2015 California Homebuilding Foundation Hall of Fame.

    Speaker

    Sheri Marvin

    CFO and Shareholder, Jackson Tidus

    Sheri has been practicing law for over 20 years and has a reputation as a skilled and creative attorney. Sheri works with residential and commercial builders and developers, guiding them through the maze of local and state laws so that they may develop and sell residential and commercial property. Sheri also assists them in areas such as builder risk management and project financing. In addition to her broad real estate experience, Sheri is also a recognized expert in regulatory matters. She has significant experience with the requirements of governmental agencies, including the California Department of Real Estate, the California Coastal Commission, US Army Corps of Engineers, US EPA and Cal EPA, and other state, county and city agencies. Sheri’s project experience includes: • mixed-use urban developments with residential, retail, office and apartment components; • redevelopment of military sites; • urban high-rise and mid-rise condominium developments; • age-qualified communities; • master-planned developments; • urban infill; • adaptive re-use of former railroads and Caltrans sites, including Mission Bay in San Francisco; • live-work projects; and • commercial/industrial projects. Thanks to this extensive experience, Sheri is able to access a wealth of resources if a project hits speed bumps. For example, recently she was able to create a first of its kind solution to a challenging affordable housing issue that threatened to derail a project. Her solution produced a win-win-win situation for the developer, the governing city and regulators with California’s Department of Real Estate.

    Speaker

    Leonard Miller

    Chief Executive Officer, BrightSky Residential

    Leonard joined The Resmark Companies in January, 2022. Leonard was brought on to build Resmark’s “Build to Rent” platform under the entity of Bright Sky Residential In his current position as Chief Executive Officer of BrightSky, leonard manages all day-to-day operations, oversees policy making and is responsible for creating and implementing the strategic direction of the company. Leonard joined The New Home Company as Chief Operating Officer in 2017 and was appointed President and Chief Operating Officer in January 2019. In August 2019, Leonard was elected President and Chief Executive Officer. In his current position, Leonard manages all day-to-day operations, oversees policy making and is responsible for creating and implementing the strategic direction of the company. Prior to becoming a member of the BrightSky executive team, Leonard joined The New Home Company as Chief Operating Officer in 2017 and was appointed President and Chief Operating Officer in January 2019. In August 2019, Leonard was elected President and Chief Executive Officer. Leonard left The New Home Company in November, 2022 when the company was sold to Apollo Global Management an international hedge fund based out of New York. Leonard worked at Richmond American Homes where he had regional and divisional responsibility for several markets in the western United States. Before his tenure at Richmond, Leonard held several positions at Genstar Land Company, which later became a part of Newland Communities. Earlier in his career, Leonard worked for a small San Diego-based land developer that specialized in small mixed-use developments. In addition to his work in the homebuilding and development industries, Leonard spent four years in public accounting with the CPA firm Arthur Young. Leonard has served on numerous boards in leadership roles including service as president of both the Building Industry Association of Southern California and Riverside. He holds a BS degree in Accounting from the University of Southern California, as well as an MBA from San Diego State University.

    Speaker

    Don Walker

    Managing Principal and CFO, John Burns Real Estate Consulting

    Managing Principal and CFO of John Burns Real Estate Consulting. An expert in home-building financials, land development, and commercial construction, Don leads build-for-rent, for-sale housing, and portfolio and valuation assignments, and acts as the final reviewer on many of John Burns Real Estate Consulting's consulting reports. Before joining John Burns Real Estate Consulting in 2008, Don worked as General Manager responsible for the operations of all five divisions within the Corky McMillin Companies – a 2,000-unit per-year home builder. During his 12 years there, Don honed his skills in strategic planning, acquisitions, and financial forecasting. Prior to that, Don worked in consulting at KPMG Peat Marwick, where he learned the art and science of evaluating real estate projects and markets. Don holds a B.S. in Finance and Real Estate from San Diego State University, was a founding member of San Diego State’s Real Estate Advisory Board, and works in our San Diego office. Don stays active in his free time, enjoying mountain biking, surfing, and fly fishing. He also competes in sprint and long-distance triathlons, completing two Ironman races

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